December 24, 2019
Company name:
Representative:

ES-CON JAPAN Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)

Notice on Nagoya City Higashi Ward Shirakabe 4-Chome PJ Joint Project (tentative name)with Chuden Real Estate Co., Inc.
ES-CON JAPAN Ltd. (ES-CON JAPAN) announces that it will conduct a joint project for condominium
development with Chuden Real Estate Co., Inc. (based in Nagoya City, Aichi Prefecture; President andRepresentative Director Yutaka Watanabe; hereinafter referred to as Chuden Real Estate) concerning
Nagoya City Higashi Ward Shirakabe 4-Chome Project (tentative name) in Shirakabe 4-chome, Higashiku, Nagoya City, the site of which ES-CON JAPAN acquired as announced on June 28, 2019. Details areas follows.
The project site is in a historic residential district for samurai maintained from the Edo era designated as“Shirakabe, Chikara and Shumoku-cho Townscape Preservation Area,” and as a location has highscarcity value and a preserved aesthetic view along with favorable access to three nearby stations on two
railway lines, namely Takaoka Station on the Sakura-dori Line and Shimizu Station and Amagasaka
Station on the Meitetsu Seto Line.
ES-CON JAPAN will promote the condominium sales business by utilizing the locational characteristics ofShirakabe 4-chome, which has both dignity and grace as well as everyday convenience with retail,educational and other facilities situated within walking distance, to the fullest.
ES-CON JAPAN concluded a business partnership agreement with Chubu Electric Power Co., Inc.
(Chubu Electric) in August 2018 and established a Nagoya branch in March 2019 by positioning theChubu region as a core business area comparable to the Tokyo metropolitan area and the Kansai region.
Concerning the project, ES-CON JAPAN intends to conduct the business jointly with Chuden Real Estate,a wholly owned subsidiary of Chubu Electric which boasts an overwhelmingly wide customer base andname recognition in the Chubu region, to promote business and satisfy local customers.
The details of the development project will be announced as soon as they have been finalized.
[Overview of the Project Site]
Nagoya City Higashi Ward Shirakabe 4-Chome Project (tentative name)Location
83 Shirakabe 4-chome, Higashi-ku, Nagoya, Aichi
Approx. 15-minute walk from Takaoka Station on the Sakura-dori LineAccessApprox. 10-minute walk from Shimizu Station on the Meitetsu Seto LineSite area
1,130.22 m2[Reference (attached)] Press release “Notice on Commencement of Nagoya City Higashi WardShirakabe 4-Chome Project Joint Project (tentative name) by Chuden Real Estate Co., Inc. and ES-CON
JAPAN Ltd.”<Inquiries Concerning this Press Release> Administration Group PR/IR Manager-1-

Tel: +81-3-6230-9308

[Reference (attached)]

Notice on Commencement of Nagoya City Higashi Ward Shirakabe 4Chome Project Joint Project (tentative name) by Chuden Real EstateCo., Inc. and ES-CON JAPAN Ltd.
December 24, 2019Chuden Real Estate Co., Inc.
ES-CON JAPAN Ltd.

Chuden Real Estate Co., Inc. (Chuden Real Estate) and ES-CON JAPAN Ltd. (ES-CON JAPAN)
announce that a joint project for condominium development will be conducted on a project site inShirakabe 4-chome, Higashi-ku, Nagoya acquired by ES-CON JAPAN on June 28, 2019.
The project site is in a historic residential district for samurai maintained from the Edo era designated as“Shirakabe, Chikara and Shumoku-cho Townscape Preservation Area,” and as a location has highscarcity value and a preserved aesthetic view along with favorable access to three nearby stations on two
railway lines, namely Takaoka Station on the Sakura-dori Line and Shimizu Station and Amagasaka
Station on the Meitetsu Seto Line.
The two parties will promote the condominium sales business by utilizing the locational characteristics of
Shirakabe 4-chome, which has both dignity and grace as well as everyday convenience with retail,educational and other facilities situated within walking distance, to the fullest.
ES-CON JAPAN concluded a business partnership agreement with Chubu Electric Power Co., Inc.
(Chubu Electric) in August 2018 and established a Nagoya branch in March 2019 by positioning theChubu region as a core business area comparable to the Tokyo metropolitan area and the Kansai region.
Concerning the project, Chuden Real Estate, which has a track record in developing real estate in theChubu region, and ES-CON JAPAN intend to conduct the business jointly to promote business and satisfy
local customers.
The details of the development project will be announced as soon as they have been finalized.
[Overview of the Project Site]
Nagoya City Higashi Ward Shirakabe 4-Chome Project (tentative name)Location
83 Shirakabe 4-chome, Higashi-ku, Nagoya, Aichi
Approx. 15-minute walk from Takaoka Station on the Sakura-dori Line
AccessApprox. 10-minute walk from Shimizu Station on the Meitetsu Seto Line
Site area
1,130.22 m2-2-[Overview of the Companies]
Trade name
Address

Chuden Real Estate Co., Inc.
2-5 Sakae 2-chome, Naka-ku, Nagoya, Aichi

Representative

President & Representative Director Yutaka WatanabeLines of business

Real estate business, construction business, operation of facilities,
environmental greening

Establishment

April 20, 1957

Capital

100 million yen

Shareholder

Chubu Electric Power Co., Inc. (100%)

Trade name

ES-CON JAPAN Ltd.

Address

10-4 Toranomon 2-chome, Minato-ku, TokyoRepresentative

President & Representative Director Takatoshi Ito

Lines of business

Real estate sale business, real estate leasing business, real estateplanning, brokerage and consultation business

Establishment
CapitalShareholder

April 18, 1995
6,272 million yen (as of the end of September 2019)
Chubu Electric Power Co., Inc. (33.2%)*This press release was distributed to Electricity Study Group (Nagoya) and Energy Press Club (Tokyo)*Website of Chuden Real Estate: https://www.chudenfudosan.co.jp/ (Japanese)
Inquiries to Chuden Real Estate: +81-52-204-1470 (Development Group No.2, Development Department)* Website of ES-CON JAPAN: https://www.es-conjapan.co.jp/english/
Inquiries to ES-CON JAPAN: +81-3-6230-9308 (Administration Group PR/IR Manager, Administration Department)-3-